Halcon Resources Corporation (HK) Scheduled to Post Earnings on Thursday
Halcon Resources Corporation (NYSE:HK) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 9th.
A number of brokerages have recently commented on HK. Imperial Capital began coverage on shares of Halcon Resources Corporation in a research report on Tuesday, August 1st. They issued an “outperform” rating and a $9.00 price objective on the stock. Roth Capital set a $9.00 price objective on shares of Halcon Resources Corporation and gave the stock a “buy” rating in a research report on Friday, October 20th. Bank of America Corporation began coverage on shares of Halcon Resources Corporation in a research report on Monday, October 16th. They issued a “neutral” rating on the stock. Johnson Rice raised shares of Halcon Resources Corporation from an “accumulate” rating to a “buy” rating in a research report on Wednesday, October 18th. Finally, Barclays PLC raised shares of Halcon Resources Corporation from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $5.00 to $8.00 in a research report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $10.00.
In other Halcon Resources Corporation news, major shareholder Franklin Resources Inc sold 305,201 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $6.13, for a total transaction of $1,870,882.13. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Darryl Schall purchased 10,000 shares of the company’s stock in a transaction on Friday, August 4th. The shares were purchased at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the director now directly owns 35,589 shares of the company’s stock, valued at approximately $222,431.25. The disclosure for this purchase can be found here. Insiders have sold 8,698,219 shares of company stock worth $55,285,549 over the last ninety days. Insiders own 53.90% of the company’s stock.
About Halcon Resources Corporation
Halcon Resources Corporation is an independent energy company focused on the acquisition, production, exploration and development of onshore liquids-rich oil and natural gas assets in the United States. The Company’s estimated total proved oil and natural gas reserves are approximately 146.8 million barrels of oil equivalent (MMBoe), consisting of over 120.7 million barrels of oil (MMBbls), approximately 13.0 MMBbls of natural gas liquids and over 78.4 billion cubic feet (Bcf) of natural gas.
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